If Money Supply Is $800 Billion and Nominal GDP Is

question 201

Multiple Choice

If money supply is $800 billion and nominal GDP is $2 trillion, then the average number of times that money is spent and changes hands is

• A) 2.5 times per year.
• B) 2 times per year.
• C) 1.6 times per year.
• D) 16 times per year.

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Definitions:

Daimler AG

A multinational automotive corporation headquartered in Stuttgart, Germany, known for manufacturing premium vehicles under the Mercedes-Benz brand.

Jurisdiction

The official power to make legal decisions and judgments, often defined by geographical area or specific types of legal cases.

Systematic

Methodical and organized in procedure or process, often applied to approaches or methods in research or planning.

Concurrent Jurisdiction

Exists when two or more courts from different systems simultaneously have jurisdiction over a specific case.